For more than a decade, housing-finance giants Fannie Mae FNMA, +0.54% and Freddie Mac FMCC, -2.26% have remained in conservatorship after being bailed out amid the Great Recession. With former Vice President Joe Biden’s projected win in the U.S. presidential election, that may continue for the foreseeable future.
Here’s how the Biden administration will shape the fate of Fannie Mae and Freddie Mac — and the broader housing-finance ecosystem. But that outcome could endanger the prospects of Fannie Mae and Freddie Mac being recapitalized and released from their government conservatorship. Most observers expect that Biden will move to replace Calabria, especially if granted the ability to fire him by the Supreme Court. Whoever he installs will likely take an approach similar to the Obama administration in holding Fannie and Freddie responsible for advancing certain affordable-housing goals.
? Is the longer trump goes without conceding the higher probability the Republican Party looks divide and less respected. Georgia May have two New Democrat senator’s In January and will and Donald trump’s disgrace of his party and awesome voter turnout to thank
For all of those unfamiliar with this story both $FNMA and $FMCC have not only paid the bailout given to them in 2008. They are still held under conservatorship and are both still giving their profits to the government. They should of both been privatized a long time ago.
I'm going with bailout
The strings are attached.. he’s doesn’t speak nor does he have a mind of his own..
I didn’t hear Biden’s plans for anything ...he was whisked away without answering any questions.. so now is media telling him what to do? Of course he is listening to what the media is suggesting and Biden the puppet will dance along..
Combining student loans with housing loans & just pay interest could create a boom.
🙄✌️ Financing and then higher tax 🙄✌️
It’s going to be great!
An older man won. That’s great.
I hope Biden promotes defunding the police, transitioning away from the oil industry, and Bernie Sanders' tax program. He has a mandate for these things. Please. DO IT. I'M BEGGING YOU.
All of US media reported Biden won the election and will be next term president without any official election agency to confirm, all basis just come from CNN prediction. This is western corn value of Procedural Justice? How ridiculous.
Congrats Again 🎉👏😀